BankUnited - BKU Stock Forecast, Price & News

BankUnited, Inc. operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services. Its loans portfolio includes commercial loans, including equipment loans, secured and unsecured lines of credit, formula-based loans, owner-occupied commercial real estate term loans and lines of credit, mortgage warehouse lines, letters of credit, commercial credit cards, small business administration and U.S. department of agriculture product offerings, export-import bank financing products, trade finance, and business acquisition finance credit facilities; commercial real estate loans; residential mortgages; and other consumer loans. The company also offers online, mobile, and telephone banking services. As of December 31, 2021, it operated through a network of 63 banking centers located in 13 Florida counties; and 4 banking centers in the New York metropolitan area. The company was formerly known as BU Financial Corporation. BankUnited, Inc. was incorporated in 2009 and is headquartered in Miami Lakes, Florida.

Analysts Set New Price Targets

Several brokerages have recently commented on BKU. StockNews.com upgraded shares of BankUnited from a "sell" rating to a "hold" rating in a research note on Friday, July 29th. JPMorgan Chase & Co. lowered their target price on shares of BankUnited from $43.00 to $38.00 and set an "underweight" rating on the stock in a research note on Friday, July 1st. Wedbush raised their target price on shares of BankUnited to $40.00 in a research note on Friday, July 22nd. Wells Fargo & Company raised their target price on shares of BankUnited to $45.00 in a research note on Friday, July 22nd. Finally, Keefe, Bruyette & Woods lowered shares of BankUnited from an "outperform" rating to a "market perform" rating and set a $51.00 target price on the stock. in a research note on Thursday, June 2nd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $45.00.

BankUnited Stock Performance

BankUnited stock traded up $0.31 during mid-day trading on Thursday, reaching $40.12. The company had a trading volume of 121 shares, compared to its average volume of 628,644. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.60. BankUnited has a 52 week low of $33.90 and a 52 week high of $46.75. The company has a 50 day moving average of $37.08 and a 200-day moving average of $40.25. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 10.05 and a beta of 1.25.

BankUnited (NYSE:BKU - Get Rating) last released its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $0.90 by ($0.08). The business had revenue of $238.87 million for the quarter, compared to the consensus estimate of $245.42 million. BankUnited had a return on equity of 12.00% and a net margin of 32.13%. During the same period in the previous year, the business posted $1.11 earnings per share. On average, sell-side analysts expect that BankUnited will post 3.7 EPS for the current fiscal year.

BankUnited Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Thursday, July 14th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Wednesday, July 13th. BankUnited's payout ratio is 25.25%.

Insider Transactions at BankUnited

In related news, insider Jay D. Richards sold 7,415 shares of BankUnited stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $41.40, for a total transaction of $306,981.00. Following the completion of the transaction, the insider now directly owns 30,973 shares of the company's stock, valued at approximately $1,282,282.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is owned by insiders.